PBGC To High Court: Review High-Stakes Special Financial Assistance Ruling

( December 17, 2025, 3:11 PM EST) -- WASHINGTON, D.C. — Arguing in part that the decision at issue “will likely result in the payment of hundreds of millions of dollars in taxpayer funds to terminated pension plans that Congress intentionally excluded from” a special financial assistance (SFA) program, the U.S. solicitor general filed a certiorari petition on behalf of the Pension Benefit Guaranty Corp. (PBGC) urging the U.S. Supreme Court to “grant review without awaiting the development of a circuit conflict.”...